Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq al-Awsat newspaper reported on Monday, quoting unnamed sources.
In August, the Capital Market
Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said.
He replaces Saleh Al-Falah, who had held the post
Saudi Arabia's stock market regulator proposed rules on Thursday for opening the $580 billion market to direct investment by foreign institutions, including a 10 per cent cap on foreign ownership of the market's value.
Overseas investors in the Saudi Arabian stock market will face restrictions including a 20 per cent ceiling on combined foreign ownership of any listed stock, a major Saudi newspaper reported on Tuesday.
The Capital Market Authori
The value of shares bought by foreign investors through swap arrangements on the Saudi stock exchange jumped in July, official statistics showed on Sunday.
Authorities in the kingdom granted long-awaited approval on July 21 to ope
Saudi capital market, the largest in the Middle East and North Africa (Mena) region, could draw up to $35 billion once it is opened to direct foreign investments, an analyst has said.
The long-awaited move, approved by the cabinet
The opening of Saudi Arabia's $530 billion stock market to foreigners will finally put the Middle East on the investor map.
Foreigners will be allowed direct access to the stock market from next year under reforms announced on
Saudi Arabia's Capital Market Authority plans to open the stock market to direct investment by foreign financial institutions in the first half of 2015, the regulator said on Tuesday.
The CMA said it would publish next month d
Saudi Arabia's cabinet gave permission to the financial regulator to open the Arab World's biggest stock market to direct investment by foreign financial institutions.
The opening of the Saudi market, capitalised at about
Saudi Arabia's cabinet has given permission to the country's financial regulator, the Capital Market Authority (CMA), to open the stock market to direct investment by foreign financial institutions, the cabinet said in a statement on Tue